IRIS Business Services reports strong growth, strategic divestment in FY25

IRIS Business Services Limited reported a robust financial performance for the year ended March 31, 2025. The company's revenue from operations increased by 23% to INR 12,59,678 thousand from INR 10,22,966 thousand in FY24. Consolidated profit after tax saw a substantial 51% increase, reaching INR 1,32,518 thousand, up from INR 87,883 thousand in the previous year. Annual recurring revenue (ARR) also grew by 14% to INR 7,073 thousand.

In a strategic move, IRIS Business Services completed the divestment of its Tax Technology (GST ASP) business to Sovos, UK, on July 2, 2025, for a total consideration of INR 1,512.4 million. This divestment is expected to conclude in August 2025, allowing the company to sharpen its focus on its core RegTech businesses. The SupTech segment demonstrated significant growth, with revenue increasing by 34% year-on-year.

The company's total market capitalization stood at INR 796 crore as of March 31, 2025. This strong performance and strategic realignment position IRIS Business Services for sustained growth, focusing on its global RegTech and SupTech opportunities.